Incentives & financing

Utility Rebates

Available rebates and equipment specification requirements are updated on an annual basis. Rebate tracker displays a summary of available ASHP rebates and may not be the current offering from your specific utility; please view your utility's rebate webpage for exact details.

Download all rebates
Provider Type

Lanesboro Public Utilities

Electric
Generation and Transmission Utility
Dairyland Power Cooperative (Class D)

Ducted Air Source Heat Pump

Rebate range
$250/ton
Minimum efficiency

SEER: 14
HSPF: 8.2
EER: 11.5

Ductless Air Source Heat Pump

Rebate range
$250/ton
Minimum efficiency

SEER: 14
HSPF: 8.2
EER: 11.5

Rebate webpage

Le Sueur Municipal Utilities

Up to
$200
Electric
Generation and Transmission Utility
Minnesota Municipal Power Agency

Ducted Air Source Heat Pump, Single Package

Rebate range
$500
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 10.6
SEER: 16
HSPF: 9.2
EER: 11

Ductless Air Source Heat Pump, Split System

Rebate range
$500
Minimum efficiency

SEER2: 315.2
HSPF2: 7.8
EER2: 11.7
SEER: 16
HSPF: 9.2
EER: 12

Ducted Air Source Heat Pump, Single Package

Rebate range
$500
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 10.6
SEER: 16
HSPF: 9.2
EER: 11

Ductless Air Source Heat Pump, Split System

Rebate range
$500
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 11.7
SEER: 16
HSPF: 9.2
EER: 12

Ducted Air Source Heat Pump, Single Package

Rebate range
$500
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 10.6
SEER: 16
HSPF: 9.2
EER: 11

Ducted Air Source Heat Pump, Split System

Rebate range
$500
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 11.7
SEER: 16
HSPF: 9.2
EER: 12

Rebate webpage

Litchfield Public Utilities

Up to
$2,200
Gas
Generation and Transmission Utility
Southern Minnesota Municipal Power Agency

Ducted Air Source Heat Pump

Rebate range
$125-$1,800
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$250-$2,200
Minimum efficiency

15.2 SEER2
7.7 HSPF2
COP at 5°F ≥ 1.75

Ductless Air Source Heat Pump

Rebate range
$125-$1,800
Minimum efficiency

15.2 SEER2
7.8 HSPF2

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$250-$2200
Minimum efficiency

15.2 SEER2
8.5 HSPF2
COP at 5°F ≥ 1.75

Ducted Air Source Heat Pump (Existing Natural Gas)

Rebate range
$100-$200
Minimum efficiency

15.2 SEER2
7.5 HSPF2

Centrally-ducted Air Source Heat Pump paired with a secondary heat source

Rebate range
$1,500
Minimum efficiency

16.2 SEER2
7.8 HSPF2
17 SEER
9/2 HSPF

Ducted or Ductless Mini-Split Air Source Heat Pump

Rebate range
Up to $2,200
Minimum efficiency

16.2 SEER2
HSPF2 Varies
17 SEER
HSPF Varies
Minimum COP at 5°F: 1.75

Air Source Heat Pump Tune up

Rebate range
Up to $60
Rebate webpage

Lyon Lincoln Electric Cooperative Incorporated

Up to
$800
Electric

Ducted Air Source Heat Pump

Rebate range
$400 - $800
Minimum efficiency

Energy Star Certified 

Ductless Air Source Heat Pump

Rebate range
$200
Minimum efficiency

Energy Star Certified 

Rebate webpage

Madelia Municipal Light and Power

Electric

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$135/ton - $160/ton
Minimum efficiency

15.2 - 16.2 SEER2 

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$135/ton - $160/ton
Minimum efficiency

16 - 17 SEER2 
 

Ducted Air Source Heat Pump

Rebate range
$125/ton - $150/ton
Minimum efficiency

15.2 - 16.2 SEER2 
 

Ductless Air Source Heat Pump

Rebate range
$75/ton - $150/ton
Minimum efficiency

15.2 - 17 SEER2 
 

Rebate webpage

Madison Public Utilities

Up to
$1,100
Electric
Generation and Transmission Utility
Missouri Energy Services

Ducted Air Source Heat Pump

Rebate range
$150-$850
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 9.6
SEER: 16
HSPF: 9.2
EER: 10

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$350-$1,150
Minimum efficiency

SEER2: 15.2  
HSPF2: 8.1  
Minimum COP at 5°F: ≥ 70% at 5°F or that at 47°F  

Ductless Air Source Heat Pump

Rebate range
$250-$350/unit
Minimum efficiency

SEER2: 15.2  
HSPF2: 7.8  
SEER: 9.3  
HSPF: 15.2  
Minimum COP at 5°F: 8.7

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$400
Minimum efficiency

SEER2: 15.2  
HSPF2: 8.5  
Minimum COP at 5°F: ≥ 70% at 5°F or that at 47°F  

Rebate webpage

Marshall Municipal Utilities

Up to
$1,100
Electric
Generation and Transmission Utility
Missouri Energy Services

Ducted Air Source Heat Pump

Rebate range
$150/ton
Minimum efficiency

15.2 SEER2 
7.8 HSPF2
9.6 EER2 

Ductless Air Source Heat Pump

Rebate range
$150/ton
Minimum efficiency

SSER2: 15.2  
HSPF2: 7.8  
EER2: 9.6  
Minimum COP at 5°F: 1.75  

 

Rebate webpage

McLeod Cooperative Power Association

Up to
$1,000
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump

Rebate range
$1,000
Minimum efficiency

SEER2: 14.3 OR CEE Tier 1 Listed
HSPF2: 7.5 OR CEE Tier 1 Listed

Ductless Air Source Heat Pump

Rebate range
$750
Minimum efficiency

SEER2: 14.3 OR CEE Tier 1 Listed
HSPF2: 7.5 OR CEE Tier 1 Listed

Rebate webpage

Meeker Cooperative Light and Power Association

Up to
$1,200
Electric
Generation and Transmission Utility
Great River Energy

Ducted Air Source Heat Pump (non-QI)

Rebate range
$500

Ducted Air Source Heat Pump (QI)

Rebate range
$650
Minimum efficiency

HSPF2: 7
HSPF: 8.2

Ducted Air Source Heat Pump (QI)

Rebate range
$925
Minimum efficiency

HSPF2: 7.5
HSPF: 8.8

Ducted Air Source Heat Pump (QI)

Rebate range
$1,200
Minimum efficiency

HSPF2: 7.7
HSPF: 9.5

Ductless Air Source Heat Pump

Rebate range
$500
Minimum efficiency

SEER2: Not listed
HSPF2: Not listed

Rebate webpage

Melrose Public Utilities

Up to
$1,100
Electric
Generation and Transmission Utility
Missouri Energy Services

Ducted Air Source Heat Pump

Rebate range
$150-$850
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 9.6
SEER: 16
HSPF: 9.2
EER: 10

Ducted Air Source Heat Pump (Cold Climate)

Rebate range
$350-$1,150
Minimum efficiency

SEER2: 15.2
HSPF2: 8.1
 

Ductless Air Source Heat Pump

Rebate range
$250-$300
Minimum efficiency

SEER2: 15.2
HSPF2: 7.8
EER2: 9.3
SEER: 15.2
HSPF: 8.7
EER: 9.3

Ductless Air Source Heat Pump (Cold Climate)

Rebate range
$400
Minimum efficiency

SEER2: 15.2
HSPF2: 8.5

Rebate webpage